Foreclosures are up. But is the housing market headed for a crash? Foreclosure notices ticked up nationwide in the first quarter of the year with more than 65,000 properties beginning to go through the process. There were 36,617 new filings in March, which marks the 23rd consecutive month with a year-over-year increase in foreclosure activity, according […]
Home prices to drop 10%
Housing economist predicts home prices to drop 10% this year Milken Institute Global Conference 2023: Bank stress, rate hikes, recession threats. Housing values will drop by double digits this year, one expert is predicting, as tighter lending requirements choke off demand. “So we are forecasting that we are going to see home prices to drop 10% decline […]
Worried about retirement
Why is everyone so worried about retirement? Confidence has dropped to 2008 levels. Workers and retirees have grown much gloomier about their retirement prospects. Will their bleakness last? Trouble ahead? Financial stress is rising among workers and retirees. In April 2022, when I looked through the 2022 annual Employee Benefit Research Institute (EBRI) Retirement Confidence Survey, I felt […]
Recession already here for many Americans
Recession already here for many Americans, as buying power, credit, social net shrinks The stock market may be closely watching the chance of an official economic recession, but many Americans across the country are already feeling the squeeze as they contend with higher prices and borrowing costs than they saw a year ago. While Evelyn […]
Want to retire early
Here are 5 uncomfortable truths about retirement, that you really need to hear now. Especially if you want to retire early. Retirement is the true American dream. Sure, many might fantasize about striking it rich and becoming famous, but when it comes down to it, the real goal is to make enough money so that you don’t […]
